Stripe’s OpenChannel Acquisition Facilitates Distribution of Services
- Date:December 17, 2021
- Author(s):
- Marco Salazar
- Report Details: 5 pages, 1 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
Stripe’s series of high-profile acquisitions in 2021—the latest of which, OpenChannel, was announced in December—signal a shift toward operational areas adjacent to and complementary to Stripe’s well-known function as a payment processor. The OpenChannel acquisition, in particular, positions Stripe to directly distribute its entire suite of services to not just OpenChannel customers but also to the third-party developers using the app stores built by OpenChannel. It puts Stripe in the pole position to extend its reach and acquire additional B2B and third-party developers as customers, and it could prompt competitors to reevaluate their approach in going head-to-head with Stripe and partnering with it on its own networks.
Book a Meeting with the Author
Related content
2027 Tech & Infrastructure Trends
AI is reshaping payments well before agentic commerce becomes mainstream. Payment orchestration is expanding beyond routing, bill-pay providers will predict failures before they ha...
API Metrics: What Should Banks Be Tracking?
As APIs become a larger part of banking infrastructure and product distribution, understanding how they are used is a business priority, not just a technology concern. The right me...
As AI Costs Grow, Here’s How Banks Can Manage the Economics
AI is spreading through banks faster than any technology on record, bringing new opportunities alongside rising costs and operational complexity. As pricing models evolve and AI us...
Make informed decisions in a digital financial world